Indiana Toll Road Deal Heads to Court
Well, it seems some people really don't like that idea. And they've taken their fight to court:
Opponents argued it violates the state constitution and have sued. They said the constitution requires that the proceeds from the sale of any public works be used to pay off state debt. The Daniels administration said the arrangement is not a sale but a lease.
The state hopes to close the deal and transfer the highway to the consortium by June 30.
The lease authorization passed in the Republican-controlled General Assembly by the bare minimum of votes. All but two Democrats opposed it, saying the state should not turn over a major asset to a private, foreign entity, and noting the consortium would reap billions of dollars through toll revenue and rate increases.
So the state should not accept nearly $4 billion dollars and save on maintenance costs associated with a depreciating asset because some believe a private entity might try to turn a profit on the deal.
The business acumen of some politicians is staggering.